Ola Electric Mobility Limited

Electric Vehicles (EV)Founded 2017

Market Data Current As Of: September 12, 2026

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Ola Electric Mobility Limited

Electric Vehicles (EV)Founded 2017

Reviewed by Swet Parvadiya

Last reviewed: September 12, 2026

Market Data Current As Of: September 12, 2026

Leadership History

Ola Electric Mobility: CEO History

2 leaders · 2017 to present

Company Overview

Ola Electric Mobility Limited is an Indian multinational electric two-wheeler and clean technology manufacturer headquartered in Bengaluru, Karnataka. Founded in 2017 by Bhavish Aggarwal, Ola Electric is listed on the National Stock Exchange of India (ticker: OLAELEC) with a $3.5 billion USD market capitalization. Generating over $600 million USD in annual revenue under Founder & MD Bhavish Aggarwal, Ola Electric operates the world's largest two-wheeler Futurefactory in Tamil Nadu and India's first domestic 4680 battery cell Gigafactory.

Ola Electric operates a vertically integrated, direct-to-consumer (D2C) electric vehicle manufacturing, software, battery cell, and energy ecosystem business model that bypasses traditional third-party dealership networks. Its commercial revenue engine spans four primary pillars: First, Electric Vehicle Hardware Sales (~82% of revenue), monetizing consumer sales of electric scooters (Ola S1 Pro, S1 Air, S1 X) and upcoming electric motorcycles (Ola Roadster series). Second, In-House Battery Cell Supply & PLI Subsidies (~10% of revenue), capturing government Production Linked Incentive (PLI) subsidies for domestic Advanced Chemistry Cell (ACC) battery manufacturing at its Gigafactory. Third, MoveOS Connected Software & Extended Warranties (~5% of revenue), monetizing over-the-air (OTA) software performance upgrades, hyper-navigation subscriptions, and extended battery protection plans. Fourth, Ola Hypercharger Infrastructure & Service (~3% of revenue), earning fast-charging network fees and scheduled doorstep maintenance subscriptions.

Harish Abichandani

Chief Financial Officer

2023 – Present

3 years (current)

Legacy

Leads financial management, capital allocation for Gigafactory ramp-up, and investor relations on public markets.

Bhavish Aggarwal

Founder, Chairman & Managing Director

2017 – Present

9 years (current)

Legacy

Visionary entrepreneur who built Ola Cabs and founded Ola Electric; spearheaded the Futurefactory, 4680 Gigafactory, and led the $735M IPO.

Challenges & Strategic Context

Ola Electric operates in a high-growth yet technologically demanding clean mobility sector while managing supply chain, software, and service expansion. Key challenges include scaling nationwide service center infrastructure and technician staffing to keep pace with rapid scooter delivery volume; managing consumer service turnaround times and resolving social media customer grievances; navigating Indian government EV subsidy reductions (FAME / EMPS subsidy tapering); achieving sustained consolidated net profitability amidst heavy Gigafactory R&D investments; and competing against legacy automotive giants (TVS, Bajaj) ramping up their own electric distribution.

Ola Electric Mobility CEO and Leadership FAQ

Who is the current chief executive officer of Ola Electric Mobility Limited?

Bhavish Aggarwal currently leads Ola Electric Mobility Limited, overseeing strategic vision, balance sheet health, and organizational execution in Electric Vehicles (EV), Two-Wheeler Manufacturing, Battery Cell Technology & Clean Mobility.

What is the CEO's primary strategic agenda for 2026?

Under executive direction, Ola Electric Mobility Limited is prioritizing workflow automation alongside disciplined capital allocation to maximize shareholder value.

How has executive leadership guided Ola Electric Mobility Limited through past market transitions?

Leadership at Ola Electric Mobility Limited has historically navigated industry cycles by restructuring operational priorities and expanding competitive moats.

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Explore Ola Electric Mobility

Core profile pages, annual revenue records, and related research hubs for this company.

Company Overview

Challenges & Strategic Context

Ola Electric Mobility CEO and Leadership FAQ

Who is the current chief executive officer of Ola Electric Mobility Limited?

What is the CEO's primary strategic agenda for 2026?

Under executive direction, Ola Electric Mobility Limited is prioritizing workflow automation alongside disciplined capital allocation to maximize shareholder value.

How has executive leadership guided Ola Electric Mobility Limited through past market transitions?

Leadership at Ola Electric Mobility Limited has historically navigated industry cycles by restructuring operational priorities and expanding competitive moats.